Monthly Archives: February 2018

There is a popular adage that markets will do what they need to do to disappoint the most people at any one time. The recent USD outperformance has helped that adage ring true and most notably against commodity currencies like the Canadian Dollar and Australian Dollar as well as the EUR. EUR/USD …

The GBP/USD broke below the previous top (dotted green) which indicates that the bullish wave pattern is invalidated. Price could either be building a larger WXY (blue) correction within wave 4 (green) or starting a new downtrend. The GBP/USD is challenging the support trend line and Fibonacci…